The largest U. S. aluminium producer, Alcoa Inc., reported fourth-quarter profit which missed analysts' estimates due to a glut of rolled metal used in the aerospace industry. The stock fell in Frankfurt trading.
Last year Mark Zuckerberg founder of Facebook paid an estimated $1 billion in taxes, which was considered one of the biggest payments ever until now.
QBE Insurance Group Ltd(QBE. AU) said this year it expects to post a $250 million net loss due to write downs and unexpectedly large claims after weak crop prices struck its operations in the U. S., sending shares in Australia's biggest insurer down 20 percent.
The shares of Remy Cointreau SA (RCO) the French drinks company, slumped as much as 9.7 percent, the maximum in almost five years, after the company said the business climate will be "less favourable" in the second half of the year.
Fisher & Paykel Healthcare, the company which manufactures breathing masks and respirators saw a celestial growth as it boosted profit by 34% to a record $44.5 million.
Australia's second-largest life insurer TAL, have given out a slide in half-yearly profit but hopes price rises to contribute to a better show this half.
Regardless of revenue growth, TAL is not resistant to the challenges facing the life insurance industry, having slashed more than halved its net profit in the six months to end of September.
A sharp rise of 4.26 times in consolidated net profit of Rs 13.62 billion for the quarter which ended September 30, 2013 was reported by Sun Pharmaceutical Industries. It is an integrated and speciality pharmaceutical company.
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